✍️
Qwertycoin Whitepaper
  • Cover Page
  • Credits
  • Index
  • Introduction
  • Vision
    • Vision
    • Blockchain Development Roadmap
    • Exchange Listing and Pricing Strategies
  • Consensus
    • [Outdated] CryptoNote Proof of Work
      • CryptoNote block reward scheme calculation
        • An example of CryptoNote block reward scheme manipulation
    • Egalitarian Proof of Work (EPoW)
      • Introduction of EPoW block reward algorithm based on Consistency
        • An example of how QWC prevented CryptoNote block reward manipulation
      • Difficulty Algorithm - CIMA (Confidence Interval Moving Average)
        • Testnet Result
      • Difficulty Algorithm - CLIF (Critical Level Impediment Failsafe)
        • Testnet Result
      • Do you want to make EPoW more egalitarian by switching mining algorithm?
    • Transition from PoW to PoS
    • Egalitarian Proof of Stake (EPoS) - Hybrid PoS/dPoS
      • Sharding
    • Egalitarian Proof of Service (EPoSe) - Hybrid EPoW/EPoS
  • Scalability
    • Genesis Reference Block (GRB)
    • Consolidation
    • Pruning
  • Blockchain Governance
    • FATF Compliance
    • 10% Governance Fee
    • Community Voting
  • DeFi Tranasactions
    • Time Locked Transaction (TLT)
    • Long Term Staking (LTS)
    • On-Chain Trade (OCT)
  • Smart Contracts
    • Multi-Signature
    • NFT(Non Fungible Token)
  • Features
    • LMDB (Lightening Memory Mapped Database)
  • Future Directions
Powered by GitBook
On this page

Was this helpful?

Export as PDF
  1. DeFi Tranasactions

Time Locked Transaction (TLT)

Last Updated 2021-04-04

Time Locked Transaction (TLT) is a preliminary work for smart contract implementation.

These TLTs will take place on a different mempool from the one we are using for normal transactions.

This is how it works.

1) User A creates a TLT(X) to User B and TLT(X) will not be included in a block until a certain time is passed.

2) Unlike normal transactions User A can cancel TLT(X) by creating a negative transaction ex) -TLT(X) before the designated time condition is met.

3) If there is no cancellation of TLT(X) until the designated time condition, TLT(X) will be moved to the mempool used for normal transactions. At this point, TLT(X) becomes irreversible.

PreviousCommunity VotingNextLong Term Staking (LTS)

Last updated 4 years ago

Was this helpful?